Britain is a money-launderer's paradise, Part LXII

Paul Manafort's money-laundering conviction makes a convenient peg to hang Buzzfeed's investigation into shell companies in the UK off of; and what their excellent reporting reveals is a playground for money-launderers who operate in the most brazen way, using a complex system of shell companies all over the world, but using the UK as the the lynchpin for their schemes. Read the rest

The UK's company registry finally prosecuted someone for setting up a fraudulent company, but it's a whistleblower who told them he did it

Companies House, the UK registry of companies, is widely known to be filled with fraudulent registration information about directors, addresses and ownership, and it's this willingness to tolerate fraud that has made the UK one of the first ports of call for criminals and looters looking to launder their fortunes. Read the rest

Scotland is still a financial secrecy exporter, laundering billions for Russia's crime-bosses and oligarchs

If you're an oligarch in the former Soviet Union, chances are you owe your billions to corruption and even overt criminal activity, and your ability to hang onto that money is entirely contingent on the sufferance of the even-more-corrupt strongmen at the top, like Vladimir Putin -- one wrong move and you may find yourself stripped of your assets (or even assassinated in broad daylight). Read the rest